As of lately we’re seeing a lot of promising news for AMC Entertainment, most recently, Ray Dalio’s Bridgewater Associates have updated their portfolio to include AMC stock. According to public filings, Ray Dalio’s team purchased $27,100 shares of AMC stock — which has retail investors again optimistic that the stock price is on the verge of skyrocketing. Over the last few weeks and months, theres been a number of exciting announcements regarding the movie chain company that are keeping retail investors optimistic and excited for the future of the stock and this news of Ray Dalio’s team investing into AMC only adds more to the list. Lets recap what we’ve seen from AMC in recent months.
Ray Dalio is the founder of one of the largest hedge funds, which is beyond good news for the AMC stock and retail investors. Bridgewater recently sold out of their Tesla stock positions and took on new positions in popular meme stocks AMC and and GameStop. The fund had about $25,000 Teslas shares, which equated to about $27 million. The idea that Bridgewater has taken stake in AMC and GME means that the meme stocks may have even more potential than we think and the stocks may be on the verge of skyrocketing. According the SEC filings, Bridgewater has purchased $27,100 AMC shares and about 4,100 GameStop Shares in Q1 of this year.
THE OF THE ART LASER PROJECTORS
Earlier this quarter CEO Adam Aron announced that AMC theaters were investing $250 million into upgrading projectors. The new project is referred to as “Laser at AMC”. AMC plans to implement 3,500 laser projectors now through 2026. The project represents the goal of working to enhance the on-screen presentation and experience. The new projectors will improve picture brightness, vivid colors and improved picture contrast.
While the new projectors will without a doubt create a better viewing experience, AMC also emphasizes that this switch will also be more environmentally friendly. Laser projection creates less waste, as it eliminates the usage of Xenon bulbs, as well as reduces the amount of energy used.
AMC BUYS 22% STAKE IN HYCROFT
In March news broke that AMC will spend about $27.9 million for its stake in Hycroft, a gold and silver mining company, which will warrant 23.4 million shares of the mining company to AMC. Aron says that Hycroft has “rock-solid assets”, but they have been facing a liquidity issue. The CEO of AMC seems confident that by taking a stake in the gold & silver miner company, that they can help bring it back up. Additionally with the new investment, AMC will be appointing a representative to the Hycroft Board of Directors.
LARGEST U.S PENSION FUND INVESTS IN AMC
Calpers bought over 155,000 shares of AMC and this is not the first time they have dabbled in buying shares of AMC stock. They purchased and filed holdings of AMC for multiple quarters in a row now. The asset management company has around $450 Billion dollars AUM (Assets under management) Which makes this AMC Stock purchase even more exciting for the retail investors. Are they buying millions upon millions of dollars’ worth of AMC stock in hope for the stock to double, to triple, or to even MOASS?
BIDEN’S EXECUTIVE ORDER 14032
With the start of Executive order 14032, it will again prohibit financial institutions from using Chinese securities as collateral and based off of the previous time this occurred in 2021, we saw AMC stock price rapidly increase as it created a large amount of margin calls.
Although it’s no guarantee that history will repeat itself, retail investors are anticipating that the executive order may cause a surge in the AMC stock price again. As always, it’s important for retail investors to keep an eye on all catalyst for the AMC share price.
WHAT WILL HAPPEN TO AMC STOCK?
The continuous announcements of AMC’s progress, hedge funds that might have to close short positions, MOASS speculation and growth expansion give the AMC retail investors plenty of reason to believe that this year will bring exponential growth to the AMC stock. Retail investors continue to buy and hold AMC as they know that the combination of large hedge funds continuing to invest in AMC, the stock being shorted, along with the intense progress AMC makes will eventually drive up an increase in the stock price.